Durant signing 1-and-1 contract with Warriors

NBA Golden State Warriors Championship Parade

Durant signing 1-and-1 contract with Warriors

It is a win for the two-time defending National Basketball Association champion Warriors on several levels.

Durant had a year left on his deal with Golden State worth more than $26 million, though it's reported that he's opted out of that option and will instead re-sign in free agency.

The Golden State Warriors don't have a lot of needs - at least not in the starting lineup - but the reigning National Basketball Association champions will, as always, look to upgrade their bench in free agency.

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Durant reportedly declined his player option for next season in mid-April and was an unrestricted free agent.

Durant will be paid about $30.5 million this coming season, about $5 million less than he could have commanded if the deal was structured differently. If Durant declines the option, he could re-sign next summer for as much as $219 million over five years, as NBC Sports Bay Area Warriors Insider Monte Poole pointed out earlier this week.

Beyond the big names at the top, this is an incredibly deep free-agent class.

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He averaged 10.3 points in 20.7 minutes for Minnesota last season.

The Golden State Warriors aren't expecting any surprises this summer. But going to L.A. on Saturday doesn't necessarily provide any hint about his destination, since James has homes in Southern California.

Teams were allowed to begin negotiating with players once 12:01 a.m. EDT Sunday arrived, though the Warriors had already said Durant would get whatever he wanted. The Houston native has agreed to a one-year deal at the $2.4 million minimum, a person familiar with the terms tells The Associated Press.

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A potential deal would see the silky ball-handler return to the team he played 54 games for in the 2008-09 season when he was traded by the New York Knicks.

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